St. Paul daily globe., 1887-07-29
THE COMMERCIAL RECORD.
On the Chicago Board at the Opening
Yesterday there Was General
Rush to Sell Wheat.
The Consequent harked Decline In
Prices Brought Out Lot OF
Very Liberal Buyers.
The Quotations for Corn Held Firm on
DiscouraginJ Advices Regard
ing the Growing Crop.
Transactions in the Financial Circles
of Wall Street.-The General
Markets.
Special to the Globe.

Special to the Globe
CHICAGO. July 2S.-On the curb at o'clock
this morning September wheat sold at 703S@
7Ic. On the regular board at $3.50 the same
option sold at 707sc. Thus did coming events
cast their shadows before. When trading be-
gan there was great rush OF sellers TO the
wheat pit and the cereal was unlcaded faster
than any elevator appliance could handle IL.
During the first five minutes the crowd
bought so literally that the price moved up
an even Tie, where it remained fixed
while probably 100000 bushels changed
hands There were several bear straws i'll
the wind. perhaps the most effective being
the figure of to-day's
SHIPMENTS OF WHEAT
from Chicago, which are less than $4,000
bu.. while the receipts aggregate 62.OJO bu.
The first sales of August and September
corn showed no change from yesterdays
closing being respectively 377S and 3el2c.
September oats were 25$sc,and Sep
tember short ribs SS.05- Be
fore 10 O'Clock September corn
had advanced to 3S5sc. September lard
brought ST. .67I2 and S6.70. Lower prices
and quite heavy state of things were about
the only observable features in the opening
markets. Nearly everybody had a little
wheat for sale. September opened at 1O4sc
and fell steadily to 704. Then 1t picked up
TO 81 and ID. where it stood at 1920 a. N.
The decline of over l2c in wheat within such
a short time made the feeling rather weak.
There was some heavy selling by prominent
parties A little after noon the market
steadied down at 7O5sc The last half hour
wasactive with the market firm and 14c higher
Receipts were SO cars. Corn showed consid-
erable strength. The principal influences
were on the bulls side. Advices of bad
crops in Kansas, Illinois, Iowa. and Nebraska
were circulated and prices advanced Ac.
8 Oats were steady and shade higher. There
were no unusual features and no material
change in prices.
THE ROUTINE REPORT
CHICAGO, July 2S.-Nhen trading began IN
the wheat pit to-day there was general rush
to sell the cereal; and for a few minutes 1t
seemed as though everybody had some TO dlS-
pose Of September started at 70T3c and fell
steady to 7Oi4c This decline of over l2c made
the feeling rather weak. About 1,OOO0Oo
bushels are said to have been sold tor several
prominent local operators. The crowd be-
came liberal buyers at the break, ana Sep
tember moved UP to 71c. then steadied down
to 7OSSc The last half hour was active. with
the market firm. September closed at 7O5ac
Corn opened quiet and unchanged at 3Sl2@
3S55c for September. Trading was not large
enough to attract much attention The
principal influences however. were on
about I2c. September reached about 394c.
Advices from various points i'll the corn
belt reported the drouth unbrOken and the
growing crop injured i'll consequence. Prices
held fairly firm, and September closed at
39c Oats received but little attention from
operators to-day, and nothing OF special i'm
portance was developed. September opened
unchanged at 25$Sc, and closed at the open
ing figures. Provisions were quiet. and
prices without material change. Receipts of
hogs were light, and prices trltie better.
Short ribs were the favOrite, but prices only
fiuctuated 561Oc, and closed a trifle lower
than yesterday. fair shipping demand eX-
isted and 100000 pounds cash were taken
on private terms, making nearly 4,0OO0OO
pounds taken for shipment this week. Sep
tember sold at SSt1S.05, and closed at $500.
Lard is quiet and is being absorbed by big
packer September sold at S6.66l206.7O.
Pork inactive and nominal.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. July opened at 69c' closing
at 69lsc: August 69c, closing at 69lsc;
September. 707Sc. closing at 1O7Sc; October,
72s4c, closing at 72l2c. Corn-No. July
opened al 37s4c closing 3S1sc august, 81 7Sc,
closing at ;}SI2c; September. 3Sl2c. closing at
39c; October, 39c, closing at 1850 39L2c. Oats
No. July opened at 245Sc. closing at 24S4c;
August, 24ssc, closing at 245sc; September,
25Ssc. closing at 25$Sc. Mess pork, per bbl,
year SI1 20. Lard, per 100 lbs July opened
at $500, closing at S6.57l2; August, $3.50,
closing at S6.57I2; September, S6.1O, closing
at S667l2; october: S6:75, closing at S6.75.
Short ribs, per 100 lbs, July opened at S7.95,
closing at S7.95; August, $500, closing at
S7.95; September, $500, closing al at
Cash quotations were as follows: Flour was
in fair local inquiry; prices are steady and
unchanged. Wheat-No. . spring, 6Ss4Gl
csc: No. 3 spring, 6s@6S12c; No. 2 red,
7ll2c. Corn.--No;, 2 3ssSc. Oats-No; ,,
24I2c. Rye-No. 2. 43l2c. Flax seed-NO.
], ,S1.O6I2. Prime timothy seed, S2.15@2. 16.
Mess pork, per bbl, SO. Lard, per 100 lbs,
S6.57Ia@6.6O. Short ribs sides, loose, %
as; dry salted shoulders, boxed, 5.SO@
$50: short clear sides, boxed. SS35@S 40.
Whisky-Disullers finished goods, per gal
lon, SI1O. Sugars-Cut, loaf, 638@65sc;
granulated, 64c; standard \, 5s4c. Receipts
Flour. 1900 bbls; wheat, $4,000 bu;
corn, 900 bu; oats. 165, 900 bu; rye,
5000 bu; barley. 1000 bu. Shipments
Flour, 10000 bbls: wheat 1000 bu; corn,
$4,000 bu: oats, 10000 bu; rye. 500 bu;
barley, 1000 bu. On the produce exchange
to-day the butter market was strong, owing
to the shrinkage in the milk supply: cream
cry, 16S4023c: dairy, 15@19c. Eggs were
dull and weak at ll@1ll2c.